Question Answer
As we all have noticed banks these days are giving more emphasis on ‘Branch less Banking’. What does this really means ? Banks will not have many branches as used to be in the good old days. Instead the number of branches will be restricted and will conduct only a specified core business. Banks will launch/operate many delivery channels like ATMs, Mobile Banking/Internet Banking etc. so that people are not required to visit a branch for their usual banking needs. This means banks will issue only debit or credit cards for all types of day to day financial transactions. Cheques/cash payments will not be allowed.
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